After being discounted in the US, Tesla’s “Full Self-Driving” goes to China
Tesla just got the tentative go-ahead to bring its “Full Self-Driving” (FSD) feature to China, the Wall Street Journal reports. That’s a big deal because China is Tesla’s second biggest market and because the company’s driver assist features haven’t been having a good run in the US.
Two weeks ago the company cut the subscription price for FSD in half, to $99, to get more people to use it.
Last week the National Highway Traffic Safety Administration closed a probe that tied the company’s driver assist feature to hundreds of crashes and dozens of injuries and opened a new probe into whether its fix for the December recall of the software did enough. The company also posted terrible earnings last week (thought that didn’t seem to bother anyone in the market).
The stock was up more than 14% Monday.
Two weeks ago the company cut the subscription price for FSD in half, to $99, to get more people to use it.
Last week the National Highway Traffic Safety Administration closed a probe that tied the company’s driver assist feature to hundreds of crashes and dozens of injuries and opened a new probe into whether its fix for the December recall of the software did enough. The company also posted terrible earnings last week (thought that didn’t seem to bother anyone in the market).
The stock was up more than 14% Monday.
